Iowa Admin. Code r. 261-65.12 - Review, approval, and repayment requirements of redevelopment tax credit
(1) A
qualified investor seeking to claim a tax credit pursuant to 2011 Iowa Code
Supplement sections 15293A. and 15293B. shall apply to the authority , and
applications shall be reviewed by the council as established in 2011 Iowa Code
Supplement section 15294.. The council shall recommend to the board the tax
credit amount available for each qualifying redevelopment project .
(2) A qualified investor shall provide to the
authority , the coimcil and the board all of the following:
a. Information showing the total costs of the
qualifying redevelopment project , including the costs of land acquisition ,
cleanup, and redevelopment .
b.
Information about the financing sources of the investment which is directly
related to the qualifying redevelopment project for which the taxpayer is
seeking approval for a tax credit, as provided in 2011 Iowa Code Supplement
section 15293A..
Notes
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